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Timbercreek Global Real Estate Income Fund

Manager Commentary

The Timbercreek Global Real Estate Income Fund is pleased to provide you with a quarterly update which highlights the Fund's performance, portfolio changes and market commentary from the Portfolio Manager.

Highlights

  • Despite increased equity market volatility during the first quarter, driven by fears of higher inflation, the prospect for tighter monetary policy and increased trade war rhetoric, our view of commercial real estate fundamentals remains positive. 
  • The portfolio generated a -3.1% total return during the quarter.
  • Positive contributions to performance were led by Hong Kong, Japan and the portfolio's overweight to Canada and Singapore. 
  • The Fund's allocation to private real estate investments positively contributed to performance, generating +7% total return in the quarter. 

For further commentary, please click on the link below.

Quarterly Manager Commentary

Global Real Estate Securities investments are managed by Timbercreek Investment Management Inc.